FY2025 EPS Estimate for Global Ship Lease Boosted by Analyst

Global Ship Lease, Inc. (NYSE:GSL) – Research analysts at B. Riley lifted their FY2025 earnings estimates for Global Ship Lease in a report issued on Tuesday, November 12th. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of $9.74 for the year, up from their prior forecast of $9.67. The consensus estimate for Global Ship Lease’s current full-year earnings is $9.85 per share.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings data on Monday, November 11th. The shipping company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $174.06 million for the quarter, compared to analysts’ expectations of $175.83 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 28.59%. During the same period last year, the firm earned $2.33 earnings per share.

Several other research analysts have also recently commented on GSL. Jefferies Financial Group reissued a “buy” rating and set a $29.00 price target on shares of Global Ship Lease in a research report on Monday. StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Clarkson Capital cut Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Thursday.

Global Ship Lease Stock Down 4.3 %

GSL stock opened at $23.37 on Thursday. The business has a 50-day moving average of $24.54 and a 200-day moving average of $25.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 1.36. The stock has a market capitalization of $861.42 million, a P/E ratio of 2.70 and a beta of 1.62. Global Ship Lease has a fifty-two week low of $17.47 and a fifty-two week high of $30.32.

Global Ship Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Friday, November 22nd. Global Ship Lease’s dividend payout ratio (DPR) is 16.61%.

Institutional Trading of Global Ship Lease

Several large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its stake in Global Ship Lease by 12.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,992 shares of the shipping company’s stock valued at $826,000 after purchasing an additional 3,377 shares in the last quarter. Foundry Partners LLC grew its stake in shares of Global Ship Lease by 45.2% in the 3rd quarter. Foundry Partners LLC now owns 475,956 shares of the shipping company’s stock worth $12,684,000 after acquiring an additional 148,247 shares in the last quarter. Moran Wealth Management LLC bought a new position in shares of Global Ship Lease during the third quarter valued at about $2,894,000. Moors & Cabot Inc. lifted its position in shares of Global Ship Lease by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 33,150 shares of the shipping company’s stock worth $883,000 after buying an additional 700 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Global Ship Lease by 62.5% in the third quarter. GSA Capital Partners LLP now owns 173,391 shares of the shipping company’s stock valued at $4,621,000 after acquiring an additional 66,714 shares in the last quarter. 50.08% of the stock is currently owned by institutional investors and hedge funds.

Global Ship Lease Company Profile

Global Ship Lease, Inc, together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 375,406 TEU.